3224 Moores Lake Rd Dover, FL 33527
Seven-unit property with strong income and value-add potential.
Type:Multifamily
Property size:
19,200 SFLot size:
0.44 Acres- Added:
- Feb 26, 2026
- Days on Market:
- 34
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 3224 Moores Lake Rd
General Information
- Standard status
- Active
- Size
- 19,200 SF
- Lot size
- 0.44 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing agent Emmy Ellecom-Cassell License #SL3571540
Listing office EXP REALTY LLC
Listing date Feb 26, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC
Overview
Multifamily Investment Opportunity in Dover
This seven-unit multifamily property in Dover, FL, offers a value-add investment opportunity with existing income and potential for increased returns. Currently, the property is 86% occupied, with six of the seven units leased. The property generates approximately $85,200 in gross annual income. With an estimated net operating income of $60,000, the property is offered at an approximate 12.6% capitalization rate. The property consists of a mix of one-bedroom, one-bathroom and two-bedroom, one-bathroom units. Current gross rents are approximately $7,100 per month. One vacant unit presents an immediate opportunity to increase income. Tenants are responsible for gas. Built in 1927, the property offers potential for improvements and repositioning. The property is situated on a 19,200 square foot lot. This asset is suitable for investors seeking immediate cash flow, a value-add opportunity, small multifamily portfolio expansion, or a high capitalization rate investment. Dover's location near Tampa and ongoing regional growth supports long-term rental demand and appreciation potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.213
- Latitude
- 27.9741
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit property with strong income and value-add potential.
Where is this apartment building located?
The property is located at 3224 Moores Lake Rd Dover, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High ~12.6% Cap Rate; Strong In‑Place Income with $85,200 Gross Annual Income; Value‑Add Opportunity with One Vacant Unit for Immediate Upside
